Matrix Multifamily Las Vegas Report-August 2024 August 21, 2024

Rent, Occupancy Rebound in Vegas

Bolstered by one of the highest employment growth rates in the nation, Las Vegas’ rent growth is on an upward trend, with advertised asking rents up 0.5 percent on a T3 basis in June to $1,484. The occupancy rate bucked national trends, rising 40 bps year-over-year as of May to 93.3 percent.